The Bauba Platinum Project is a high-quality Platinum Group Metals (PGM) prospecting project, that is situated within a prime segment of the Eastern Limb of the Bushveld Igneous Complex (BIC). The project lies in the heart of the world’s best-known platinum region, where a number of neighbouring companies are prospecting and mining Platinum Group Elements (PGEs) successfully from the Merensky and UG2 reefs.
The current 4E (Pt+Pd+Rh+Au) PGM resource estimates for the Bauba Platinum Project, discounted for geological losses, is tabulated below with 60% of the total resources attributed to Bauba. The resources were compiled by Bauba’s geologists and verified and signed off by an independent competent person, Mr AN Clay of VenmynDeloitte.
|Total UG2 inferred resources||23,41||3,48||1,35||68,82||4,45||9,85|
|Bauba attributable UG2 **||41,29||4,45||5,91|
Note: A regional dip of 17° west has been used to calculate the reef area
** Based on Bauba Platinum Limited’s 60% attributable share